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Gulf oil boosts Lebanon
- Lebanon: Saturday, December 22 - 2007 at 08:47
Lebanon's Finance Minister Jihad Azour has said an ongoing oil boom in the Gulf will help its own economy grow by about 2.5% next year, reported Reuters. Azour warned, however, that high oil and commodity prices will contribute to keeping inflation at around the 4% mark. He added that the country's political instability had meant growth of up to 8% had been clipped to around 3% this year.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 22 - 2007 at 08:47 UAE local time (GMT+4)
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